Hedge fund billionaire lists Keys estate for $14.5M

82910 Overseas Highway
82910 Overseas Highway

The billionaire founder of a hedge fund put his beachfront home in the Keys up for sale this week. The asking price? $14.5 million.

Paul Tudor Jones II, who founded the Tudor Investment Corp., purchased the Islamorada estate for $2.7 million in 1991, according to Monroe County property records.

He set to work repairing the property and putting in personal touches, like replacing its shuffleboard court with a sand volleyball pit.

The home, at at 8291 Overseas Highway, sits on a sizable 6.5-acre lot on the bayfront side of the island. It is surrounded by gardens, a swimming pool, a tennis court and waterfront decks, according to Realtor.com.

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Its walls are dotted with windows overlooking the water, and its light colors fit the mood of the Keys — sun-drenched and tropical.

The main home is 6,519 square feet and is flanked by two smaller guest homes. The west cottage has three-and-a-half bedrooms, while the east has three bedrooms, according to the listing.

It also has a dock, which was fashioned from concrete to resemble a natural rock jetty, complete with a thatch umbrella at its end for shading by the bay.

Though Jones, who is estimated to be worth $4.6 billion by Forbes, is selling his home, he isn’t leaving Florida all-together. He purchased another beachfront estate in Palm Beach for $71 million.

The property is being listed by Cheri Tindall of Sotheby’s International Realty. [Realtor.com]Sean Stewart-Muniz